Exhibit 8.1

Subsidiaries of Adecoagro S.A.

Majority Owned Subsidiaries:



|   |  |                                                    |  |                        
|-- |  | -------------------------------------------------- |  | -----------------------
|   |  | Name                                               |  | Place of Incorporation 
|1  |  | International Farmland Holdings LP                 |  | Delaware, United States
|2  |  | Adecoagro LP                                       |  | Delaware, United States
|3  |  | ONA Ltd.                                           |  | Malta                  
|4  |  | TOBA Ltd.                                          |  | Malta                  
|5  |  | Kadesh Hispania S.L.U.                             |  | Spain                  
|6  |  | Leterton España S.L.U.                             |  | Spain                  
|7  |  | Global Calidon S.L.U.                              |  | Spain                  
|8  |  | Global Acamante S.L.U.                             |  | Spain                  
|9  |  | Global Mirabilis S.L.U.                            |  | Spain                  
|10 |  | Global Carelio S.L.U.                              |  | Spain                  
|11 |  | Global Asterion S.L.U.                             |  | Spain                  
|12 |  | Global Pindaro S.L.U.                              |  | Spain                  
|13 |  | Global Acasto S.L.U.                               |  | Spain                  
|14 |  | Global Pileo S.L.U.                                |  | Spain                  
|15 |  | Global Anceo S.L.U.                                |  | Spain                  
|16 |  | Global Laertes S.L.U.                              |  | Spain                  
|17 |  | Global Seward S.L.U.                               |  | Spain                  
|18 |  | Peak Texas S.L.U.                                  |  | Spain                  
|19 |  | Peak City S.L.U.                                   |  | Spain                  
|20 |  | Global Hisingen S.L.U.                             |  | Spain                  
|21 |  | Adeco Agropecuaria S.A.                            |  | Argentina              
|22 |  | Pilagá S.A.                                        |  | Argentina              
|23 |  | Cavok S.A.                                         |  | Argentina              
|24 |  | Establecimientos El Orden S.A.                     |  | Argentina              
|25 |  | Agro Invest S.A.                                   |  | Argentina              
|26 |  | Forsalta S.A.                                      |  | Argentina              
|27 |  | Bañado del Salado S.A.                             |  | Argentina              
|28 |  | Dinaluca S.A.                                      |  | Argentina              
|29 |  | Compañía Agroforestal de Servicios y Mandatos S.A. |  | Argentina              
|30 |  | Simoneta S.A.                                      |  | Argentina              
|31 |  | Ladelux S.A.                                       |  | Uruguay                
|32 |  | Kelizer S.A.                                       |  | Uruguay                
|33 |  | Agroglobal S.A.                                    |  | Uruguay                
|34 |  | Adecoagro Brasil Participações S.A.                |  | Brazil                 
|35 |  | Adeco Agropecuária Brasil S.A.                     |  | Brazil                 
|36 |  | Usina Monte Alegre Ltda.                           |  | Brazil                 
|37 |  | Adecoagro Vale do Ivinhema Ltda.                   |  | Brazil                 



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|  |  |                                      |  |                       
|- |  | ------------------------------------ |  | ----------------------
|  |  | Non-consolidated Affiliated Entities |  |                       
|  |  | Name                                 |  | Place of Incorporation
|1 |  | CHS Agro S.A.                        |  | Argentina